Section 8A of SCRA : Section 8A: Clearing Corporation

SCRA

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Explanation using Example

Example Application of Section 8A of The Securities Contracts (Regulation) Act, 1956:

Imagine a scenario where the Bombay Stock Exchange (BSE), a recognised stock exchange, decides to enhance the efficiency of its trade settlement process. To achieve this, BSE plans to establish a separate entity dedicated to handling the clearing and settlement of trades. BSE proposes to create a new company called "BSE Clearing Corp" which will act as a clearing corporation.

Before BSE can transfer the responsibilities of its existing clearing house to the new BSE Clearing ...

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